2024

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), a global leader in the cannabis-lifestyle and consumer packaged goods sector, recently unveiled its financial outcomes for the <a href="https://ir.tilray.com/news-releases/news-release-details/tilray-brands-inc-reports-q3-fiscal-2024-financial-results" target="_blank" aria-label="third quarter (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">third quarter</a> ending February 29, 2024. The company reported a notable net revenue of $188.3 million, marking a significant 30% growth compared to the $145.6 million recorded in the same period last year.</p>
<p>This growth was driven by impressive performances across its business segments, particularly in beverage-alcohol and global cannabis. <br><br>The beverage-alcohol sector saw a 165% increase in net revenue, reaching $54.7 million, thanks to the successful integration of new Craft Acquisition brands. Meanwhile, the global cannabis segment reported a 33% increase in net revenue, totaling $63.4 million, buoyed by strategic acquisitions and robust growth in key markets like Canada and Germany. <br><br>Despite these gains, the company experienced a net loss of $105.0 million, a significant improvement from the $1.2 billion loss in the prior year’s quarter, but still below expectations.</p>
<h3 id="tilray-s-performance-in-q3-0-12-eps-188-3m-in-revenue-short-of-expectations">Tilray’s Performance in Q3: -$0.12 EPS, $188.3M in Revenue, Short of Expectations</h3>
<p>When compared to market expectations, Tilray’s performance fell short of the anticipated earnings per share (<a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">EPS</a>) of—$0.05 and revenue forecast of $198.44 million for the quarter, reporting an EPS of -$0.12 (miss by $0.07) and revenue of $188.3 million for the quarter.<br><br>However, the shortfall in expectations was mitigated by the remarkable year-over-year growth in its core business segments and the substantial reduction in net loss. The beverage-alcohol segment’s revenue surge, attributed to the integration of acquired craft brands, and the global cannabis segment’s growth underscore the company’s strategic expansions and operational efficiencies. <br><br>Despite the challenges in meeting the expected figures, Tilray’s efforts in reducing its convertible debt balance and improving its cash flow position demonstrate a strong commitment to financial stability and shareholder value.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="tilray-adjusts-guidance-for-fiscal-year-ending-may-31-2024">Tilray Adjusts Guidance for Fiscal Year Ending May 31, 2024</h3>
<p>Tilray has updated its guidance for the fiscal year ending May 31, 2024. The company now projects an Adjusted EBITDA target of $60 million to $63 million, adjusting its outlook due to the delayed timing of cash collections on various asset sales.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/tilray-brands-inc-tlry-q3-results-0-12-eps-misses-expectations-by-0-07/">Tilray Brands, Inc (TLRY) Q3 Results: -$0.12 EPS, Misses Expectations by $0.07</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Tilray Brands, Inc (TLRY) Q3 Results: -$0.12 EPS, Misses Expectations by $0.07

Table of Contents

Tokenist

Alte articole publicate pe 9 apr. 2024

Bitcoin Edges Toward All-Time High: Analysts Weigh In

SEC Postpones Ruling on Bitcoin ETF Spot Options: Full Details Revealed

Algotech (ALGT) raises over $500k in a single day during ongoing presale

Bitcoin Price Reset Shakes the Market, Notable Gains Expected for Avalanche and this Crypto AI Ne...

Toncoin prices surge 28% to cross $5.5 – What next?

POKT Network expands access to blockchain data with 3 new gateways

Join our free newsletter for daily crypto updates!